Which of the following statements is (are) true with respect to financ

Which of the following statements is (are) true with respect to financial institution bonds?

I. Fidelity coverage covers losses resulting from the dishonest acts of employees.
II. Financial institutions usually insure their crime exposures through financial institutions bonds.
A) I only
B) II only
C) both I and II
D) neither I nor II
c

ANSWER

Answer: C